(1) Without prejudice to section 151, Companies Act group accounts shall comprise -
(a) a consolidated balance sheet dealing with the state of affairs of the parent company and its subsidiary undertakings (including those in liquidation), and
(b) a consolidated profit and loss account dealing with the profit or loss of the parent company and its subsidiary undertakings (including those in liquidation).
(2) The Companies Act group accounts shall give a true and fair view of the state of affairs as at the end of the financial year, and the profit or loss for the financial year, of the undertakings included in the consolidation as a whole, so far as concerns members of the company.
(3) Companies Act group accounts shall -
(a) in the case of an undertaking to which the Group Accounts Regulations apply, comply with those Regulations,
(b) in the case of an undertaking to which the 1993 Regulations apply, comply with those Regulations and the Group Accounts Regulations,
(c) in the case o